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Lending

US Bancorp’s earnings are hurt by subdued lending

This news is developing. Please check back here for updates. US Bancorp in Minneapolis reported higher profit in the third quarter, but sales fell 2.4% due to weak lending. The bank with assets of $686 billionAverage total loans fell 1%…

When will the Fed cut interest rates? Time and live stream of the FOMC meeting

What impact a Fed rate cut could have on Wall Street and Main Street Many are wondering what impact the widely expected interest rate cut at the end of the US Federal Reserve meeting could have. USA TODAY reported that…

Hotel near Apple campus misses due date of $30 million loan

According to Morningstar, a special service was set up at a hotel just blocks from Apple’s old headquarters in Cupertino after it missed a $30 million loan repayment deadline this month. The 123-room Aloft, a Marriott brand that targets younger,…